Co-op Bank shareholders to get Sh5.9b dividendShareholders of Co-operative Bank Group are set to receive their 2019 dividends as from next week Thursday.Despite the Covid-19 crisis, which has led to the postponement of the Annual General Meeting, the beneficiaries will get Sh1.00 per share, which amounts to a total cash payment of Sh5.9 Billion. This has informed the move by the bank to release the dividends much earlier than last year when they received dividends from June 7. Amarjeet Baloobhai Patel and Baloobhai Chhotabhai Patel, who are the seventh highest shareholders will receive Sh20.2 million for their 0.34 percent stake. Read Now »Co-operative Bank Group's net profit grew 12.4 percent to Sh14.3 billion last year, lifted by strong growth in non-interest income. SEE ALSO: Co-op Bank signals plan to acquire Jamii BoraDo not miss out on the latest news.

Source: Standard Digital April 14, 2020 12:56 UTC